North Dakota § 26.1-34.2-05 Recordkeeping

North Dakota Statutes

§ 26.1-34.2-05 — Recordkeeping

North Dakota § 26.1-34.2-05

Title 26.1Insurance

Ch. 26.1-34.2Annuity Transaction Practices

This text of North Dakota § 26.1-34.2-05 (Recordkeeping) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-34.2-05 (2026).

Text

1.Insurers, general agents, independent agencies, and producers shall maintain or be able to make available to the commissioner a record of the information collected from the consumer, disclosures made to the consumer, including summaries of oral disclosures, and other information used in making the recommendations that were the basis for insurance transactions for ten years after the insurance transaction is completed by the insurer. An insurer is permitted, but is not required, to maintain documentation on behalf of a producer.

2.Records required to be maintained by this chapter may be maintained in paper, photographic, microprocess, magnetic, mechanical, or electronic media, or by any process that accurately reproduces the actual document.

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1. Insurers, general agents, independent agencies, and producers shall maintain or be
able to make available to the commissioner a record of the information collected from
the consumer, disclosures made to the consumer, including summaries of oral
disclosures, and other information used in making the recommendations that were the
basis for insurance transactions for ten years after the insurance transaction is
completed by the insurer. An insurer is permitted, but is not required, to maintain
documentation on behalf of a producer.
2. Records required to be maintained by this chapter may be maintained in paper,
photographic, microprocess, magnetic, mechanical, or electronic media, or by any
process that accurately reproduces the actual document.